moving bitcoin to my bank account

Hey everyone, I'm looking to move 1000 UK pounds to my bank account. Any tips on how to make this happen? Is there a step-by-step guide on this forum that I can check out? Appreciate any help and advice!

Trade your assets with an equivalent value of the amount you want to transfer to your bamke using the approved centralized exchanges in your jurisdiction, then once the vendor has made payment on your trade order, the money directly goes to your bank account because before you can push to sell it, you will be required to input your bank details. I don't know what exchange you have there but I will advise you should do your research and follow the process in your very conducive time so that you don't do mistake and loose your funds to the wrong brokers out of ignorance.

If it's in crypto currency, all you have to do is trade it through p2p on any crypto exchange. Chose the p2p vendor you want to use, after that you release the crypto to the vendor, but before releasing your crypto assets to any vendor through p2p deals you must first of all confirm your money in you bank account before you release the coin. Before as some p2p vendors are scammers.

thanks  for the  comments and  advice  so  far I  think I  should  explain my  story in  April   2019  I  somehow  got  contact with someone who was  trading in the  coins and  offered me  advice money  in bank  accounts back then was earning about  2 percent.. why not  use some of it to  trade in  coins and  watch your  income  increase day by day    This  lady was in London  I  believe. I put the minimum amount on  and  got  access to  a  page  showing the  coins in  real  time   either  going up or  down I  was  assured I  could nt  lose because my  trading was being  tracked by computer and  would protect me  from  heavy losses  etc. soon  I  was  introduced to  another  guy....   Carnegie... who  was  very charming and  suggested I   send  2000   and  then  I  could  really  trade and see my  earnings  increase.   He  would  phone me  perhaps  twice a week  and  advise me  what  to  buy    and  make  trades on the  exchange.   a  week  or  two  later  I  was  passed on to  another  guy  I could always  hear the  background noise of an  office,  people on the  phone  etc and  I  was  tole the  guy was  located in  south Africa  My  earnings  were  increasing,   I  think  I  had value  of  30000  at  onr  poinh and  by then  I  had sent over  perhaps   15,ooo   so  it  was  exciting.  getting  into   august  2019  and  my  total  capital  started to  slide  soon there was  19,000   then  there  was  less  money  than  I  had  put  in   Each  phone  call  the  guy usually told me  to  send  more  money  to  turn  things around...  By   sept  2019   I decided...  Ive  sent  24000  … that's  enough  I  began  to  realize,  Im  going to  lose  a  big  amount,  this  is not  going to  turn around.      perhaps  around  aug  sep  2019  there was a big  decline in  the  price of  bitcoin  ?  I got less and  less phone  calls,  I  became  depressed,  I d  blown   24,000 prob  in  December  a  guy  rang  to  commiserate with  me  and  told me the  whole  firm was  facing  shutdown.   In the  following  years  I d get a call  from out of the  blue telling me there was substantial money in my  bitcoin account and  they could help me  get access to  it. I was advised to  create  a  skrill  account  which I  did   thinking the  bit coins  could be transferred there, but then the  guy wanted me  to open my bank account to  sent money  etc I refused,  I  said why  cant  you  transfer to this  skrill  wallet …    He  did nt  phone  again... I   kind of  gave  up .  This  week   nov 2025  a  lady  rang me  and asked me if I  wanted to  unfreeze my  bit coin account.   she  gave me a link to  a blog chain  account with my  name on it  and a very substantial sum  in bitcoin  in the  account. she needs  my  driving  licence  to  begin the  process of  unfreezing my  account.... Im  75  and  last week I  had to  send my  license  to Swansea  to get it  renewed... as chance  would  have it …  I  have a  passport but its   way  out of  date.      so  that's  where I  am  right  now...   I  have her  e mail  addy  and  when the  license  finally gets  returned to  me  I  can  send her an  e  mail...   But  am  I  on a  wild  goose  chase  ?    do  I  really  own  bitcoin... more than  one... which are currently   worth   80000  or  so  ?    Is this  lady part of a  scam?       If  that large sum is there in my name I could  transfer a  couple of  thousand and  leave the rest in  bit coin to  rise or fall with the  market.    would  be  glad to  hear a  few  opinions or  comments  on my  situation  from  some of  you  guys  who  know  a  lot about   the  bitcoin  world .

It seems you already invested your money into a scam platform. Anyone calling you and wants to help you out are doing that in order to find a way to still milk you off some more amount of money in your possession. You made a mistake sending money to someone to help trade for you, it would have been better you bought bitcoin and saved in your wallet, by now, you would have been in possession of your bitcoin and would also have grown very well. It doesn’t look like you will get those money back since the company also already shut down. Your data is probably out there exposed and that’s why you’re receiving phone calls from different people to want to help you get your funds out but practically they’re looking for ways to steal from you again. That’s a red flag and you should desist from paying attention to them.

YOU RE probably  right the  top  trick of  the  scammer is  to  dangle  a  carrot  in  front of  you ... easy  money ...  hopiing  you will take the  bait

100% a scam mate, i am sorry, everything is smoke and mirrors. You don't own any bitcoin, they have just been leading you on and stealing from you. This is a very large ring of scammers involved in this investment scam and unlucky for you, you fell victim to them. Stop every communication you have with them. Too bad they already have your phone number and other private data, so i am sure they would try to lure you in again from time to time, and would also attack you through phishing links and all. Protect yourself and don't fall victim again. Take your losses and learn from it. One last thing, stop writing in colored text, it is weird and makes your post hard to read. Good Luck mate.

You can cash out thru exchangers, whether they are local exchangers in the UK or international exchangers like Binance. This is because Binance has a P2P system where you can sell your balance to other members as long as the currency is in British pounds on Binance. If you want to cash out in British pounds, the best way is thru local exchangers in your country, which means local exchangers in the UK. Of course, you are more familiar with local exchangers in the UK since you live there.

Not your keys, not your coins, it seems you have fallen into a trap that will make you lose everything. There is no free lunch, have you ever thought about the reason behind strangers guiding you without any particular intention.? You've been scammed, but you didn't realize it at first. You should have researched or consulted someone who understands crypto before entrusting your money to anyone. If the company is closed, you have to say goodbye to your money.

Op I don't think if this forum owes the best response to your expressions about it the lady and whosoever inclined asking you to invest.snd trade in bitcoin is genuine or not, but what I can only say is that it is risky trusting a third party with your funds especially when you don't have your private keys with you. Also note that there is no shortcut to be rich whether in investment or treading because it is very risky predicting the price and while long term holding may be less risky, your patient or paranoid psychology has to be controlled so that you don't get drive with Fomo or getting panic over the short term volatilities. I am Saying this so that you can figure it out yourself that not all that glitters are gold and those resources that teams, agents and developers paints to be too good and attractive are usually not to be trusted. You have been paying money to this anonymous people calling you on the phone and sending emails for over 2019 and yet you don't know if it is a scam or not. Well, I will suggest you to forth with the withdrawal of your bitcoin to your bank account, there you will know if these people are scammers or not. Then will determine if you have a real bitcoin or dealing with the right people or not.

Hopefully, before you conduct a transaction, dude, be careful, because don't you know there are many scammers nowadays who are finding ways to locate victims? And if you're going to transfer to an exchange, you should first check the background of the exchange you're planning to use. So it's better to use top exchanges that have P2P merchants, so you can properly transfer your funds to the exchange don't use exchanges that aren't well-known in the cryptocurrency business field.

Is this the first time you are trading or are you just looking for alternative ways? Also you stated you want to transfer UK pounds to your bank, does that mean you want to convert UK pound to any other fiat like dollar, etc or just want to buy bitcoins? Your post is somewhere incomplete and it will only arise suspicion if you really want to make a trade or are looking for someone here who can blindly trust you so you can scam them? I would suggest you to add more context and try to write detailed information here. If you want to sell bitcoins to fiat (I considered that reading the subject), you can try some P2P sites where you can find local dealers and you can instantly cash out. You can watch platforms like Kucoin as they also do offer few training sessions about how to use the feature to convert bitcoins into cash.

YES I expected to hear this because scammers never gives up on their victim if you are doing their bidding. They have seen you as their cash cow breeding alot of meat for them and that's the reason for coming back again. Be wise. This lady is mostly likely and very likely part of them. They are coming with another trick. If there is anything like recovery in such case it most be from government office and you must be invited physically. Anything online for the recovery is the continuation of the scam. They see you have money to throw around. This is most likely a scam. Be careful.

I am not even sure if OP wants to genuinely make a trade or is just inventing a new method to scam people. It is very difficult to trust anyone online as there are hundreds of scams going on and it is really difficult to identify these scams as scammers are becoming more advanced and are using newer methods to rip money out of innocents. It is always better to trade on reputed exchanges instead of find such online trades just to make a few extra bucks. The greed to make those extra bucks can make us lose everything that we have. There always are P2P platforms which makes things way easier as the exchange acts as an intermediary and in case anything goes haywire, we can always appeal and get back the money. I would never deal off exchanges no matter how much profit I see.

Im  becoming to be  resigned to  this  lady  being  part of a  scam she  got me on a  kind of   google  time  share  that  linked  up  our  computors could be there was a guy behind the  scenes  downloading stuff from my  computor.  ? I was  way too  naive  back in   2019 and  I  paid the  price I  think  anyone who decides to  go  into  bitcoin  needs to  do a lot of   study  and  research, get a lot of  advice  and  proceed  with  caution !

I'm sorry about what happened to you, but there are indeed many scammers targeting older people by promising investment opportunities, but they are all just scams... all they want is money from people who have minimal knowledge or understanding of Bitcoin. That's why you need to be careful not to believe anything that sounds too good to be true, especially when it comes to investing in Bitcoin, because there are many scams disguised as investments. If you don't fully understand it, it's best to avoid it or seek advice from others before making a decision.

Did you read any of the posts made above? It is clear that they are all part of a scam ring. I already posted that in my earlier post in this topic. Stop communicating with the scammers and run a check on your device, i don't know what kind of links they have shared with you. You may need to format your device and reinstall your operating system. Absolutely. And this forum helps a lot with that. Like i said earlier, it would be better for everybody if you stopped changing the color of your texts to blue, can you do that?

It appears they got a remote access to your PC. This is actually one of the common tactic by scammers. Just to err on the side of caution, do a fresh install of your OS since we don't know what's in there anymore, and no anti-virus software would be able to accurately detect everything suspicious. Sorry for your loss OP, but from what I'm seeing, you're from UK, no? perhaps you may be able to file a neglible claim in your tax, thus reducing your obligations. Could be another way to recoup a bit. See: https://koinly.io/blog/lost-stolen-crypto-uk/ https://docs.recap.io/uk-tax-guide-for-individuals/transaction-types/lost-and-stolen-crypto

Based on OP story looks he invested at right scam site indeed labelling with cryptocurrency, its fatal mistake when transferring money or fund to unknow person and recommended their own website for investing. I don't know how easily for OP transferring his crucial document ID to unknow person although reason have verifying account after freeze but all stories from OP made many fatal mistake. I want to get the points about what problem facing by OP right now about his fund previously already sending to unknow person or want to start trading in cryptocurrency. If OP want moving to cryptocurrency fund to Bank you can use third party service with P2P transaction, now where your fund saving and which one exchange do you use? You can sell trough P2P and looking trusted person with good reputation when selling or buying P2P transaction and keep away from seller have low respond.

It is simple. Don't trust anyone online. Even if you know someone physically, be sure you know the person too well that you can make them pay for the wrong they will do to you before you can have such financial dealing with them. Be sure if the person cheat on you financially, there is a family friend you can run to as mediator or guarantor that will stand in for the losses or that you can arrest such person with local vigilante or police. Nothing goes for nothing so don't always believe someone is there to help you grow for free. If you don't watch your back, I'm not sure another person will leave their own back to watch yours. Don't involve money in your dealings online if there is no escrow and or recovery process.